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Sopheon upgrades expectations again

Revenues will be in excess of US$33mln, up 16% and added to lower costs EBITDA and pre-tax profits will be significantly ahead of the upgraded market expectations. The year-end net cash position is expected to be $16.7mln (2017: US$9.5mln).

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Enterprise software specialist Sopheon PLC (LON:SPE) has again upgraded its profit expectations for 2018.

Revenues will be in excess of US$33m, up 16% and added to lower costs  EBITDA and pre-tax profits will be significantly ahead of the upgraded market expectations.

The year-end net cash position is expected to be $16.7m (2017: $9.5m).

Recurring revenue has risen to $14.7mln coming into 2019, compared to $12m the year before.

Shares have tripled over the past year to 1,270p.

Quick facts: Sopheon

Price: 865 GBX

AIM:SPE
Market: AIM
Market Cap: £88.01 m
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